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This week, the world watched in anticipation for Russia’s Victory Day parade after President Volodymyr Zelensky commented that he could not guarantee the safety of those attending. Meanwhile, the European Union moves one step forward to banning Russian gas from the European continent. It is also revealed this week that U.S. Secretary of Defense Pete Hegseth has fallen out of step with the White House.

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Ukraine boosting gas production thanks to new wells, technologies

2 min read
Ukraine boosting gas production thanks to new wells, technologies
Illustrative purposes only: A picture shows a compressor station of Ukraine's Naftogaz national oil and gas company near the northeastern Ukrainian city of Kharkiv on Aug 5. 2014. (Sergey Bobok/AFP via Getty Images)

Companies of Ukraine's state-owned Naftogaz Group produced 8.6 billion cubic meters (bcm) of commercial gas in the first seven months of 2024, representing a 7% increase compared to the same period last year, the company's press service said on Aug. 6.

Once heavily dependent on Russian gas, Ukraine successfully shifted to other suppliers in the previous decade and expanded its own production. For the first time in history, the country went through last winter using only its own gas.

"Companies of the Naftogaz Group increased gas production by launching new high-performance wells, introducing new technologies, and working efficiently with the old stock," said Oleksii Chernyshov, the CEO of Naftogaz.

"The target figures have been exceeded by 2%. The work continues not only in the central and western regions but also in the eastern ones, despite all the war-related challenges."

JSC Ukrgasvydobuvannya has recently launched a new high-yield well that produces 274 thousand cubic meters of gas per day.

In total, in the first half of 2024, Ukrgasvydobuvannya drilled 50 wells, 41 of which were put into operation.

Naftogaz Group is actively preparing for the winter, with more than 10 billion cubic meters of gas already stored in underground storage facilities.

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